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max ferris. and welcome everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the other they think he wants to do, he wanted to invest in education and training programs. that's all well and good, brenda and we know that's going to cost millions and millions of dollars, but that's not how the economy works. >> gary b, it's spending more, what does that do to the debt? >> well, brenda, he tries to get up, up, up. when i went to work for ibm 30-odd years
to do something like this? >> i think it would be a reference back. because the economy takes all the oxygen out of the election with a little bit of foreign affairs, the supreme court does not play against undecided voters. it is a motivator to get out and get to the polls. you want this person to replace justice ginsberg when she retires for example. you want to know if there's any practical experience, and the obama at the lustration has declined to defend the defense of marriage act. present romney might decide he would defend the constitutionality of that statute. it does seem like that has a lot of salience and presidential debates. i.t. think it will not happen. here is why. no major national political figure has attacked as publicly since 1996 or before. it is remarkable. the republicans were seeing some political profit in attacking affirmative action given the polls. they do not do it anymore. john kerry said maybe it is time to stop these racial preferences. the democratic leadership council was inching down that road. that is all gone. this is why we get so demonized i
access in our economy rather than just offered ownership and to me, that's really what wha* the shared economy is about and this great incubating idea of scooter sharing is wonderfulfinger these are all electric, you can power this up on 18 cents worth of power as compared to what gasoline prices are. it takes, if you want to go around the city at 30 miles an hour, it will be less than half of the power of a toaster. it's equivalent to 850 miles a gallon to be on one of these electric scooters. i think it's safe, obviously we're going train people in the right way to abide but all the traffic regulations that we have, but as i sit in my car on days where i have to wait and 7, watch these scooters go by, it's kind of like where am i and what am i doing and can i contribute even more, so it's exciting to see this happen in san francisco, to see its launch, it's exciting that it's an idea that incubated out of the hub, it's exciting to not only see that it's fun for people to get around, to be more efficient and to kind of stralgts the lanes, but it's exciting to know it contributes so mu
of barack obama's economic policies linking him to the weak economy that he has presided over four years. i say that because my sense, paul, there are a substantial number of voters. people lo say i think i'm going to vote for president obama. i don't feel that strongly about it, but i don't think mr. romney has made the case with me. i wish i could hear him out before i make up my mind. this is the opportunity to do that. >> paul: that obama narrative is disaster. don't let mitt romney who is just like george bush brings you back to the disaster and some people are buying that narrative. reluctantly because i think romney has not connected obama's policies to the pain they feel? >> forward looking, the president he would be and let him present to the people what the disaster would be in the second term for obama. what would be the case. he doesn't have to worry nice guy and all this. this is the only one and only chance. there is life after the presidency. he ought not to look back and say i didn't risk being an independent. >> paul: i didn't leave anything on the table. what are you heari
in advertising revenue. this is due to the internet and sluggish u.s. economy. the firm has been taking various streamlining measures that include cutting 2,000,000 jo jo. 10% of the work force. despite actions, the company posted a loss in first time in four quarters. "the new york times" decided to appoint bbc general director as its new top executive. he is nonto have improved the web services of the bbc is is expected to bolster the newspaper company's online businesses. >>> british bankers association says it is willing to give up control over the libor bank rate. as it looks to prevent further rate rigging scandals. the association says libor is based on interest rates charged between banks in the london market. in june, major british bank, barclays was fined for manipulating libor through false reporting. a staement released tuesday indicating they would transfer libor related to a public body. by making the announcement, the association is seen as trying to ease criticism about the way the rate has been handled over a quarter century. and the british government plans to publish a final
scheduled debates. the topic tonight in denver domestic affairs including the economy, health care reform and imgrmigration and the clock is ticking. the election is less than five weeks away and the stakes are high. susan mcginnis is in washington. >> reporter: first debates get the most attention of all of them and the first 30 minutes are said to be the most important. president obama needs to hold on to the momentum he's built. mitt romney needs to turn the entire race around with tens of millions of people watching tonight. the stage is built. the cameras are in place. and the candidates are in their final hours of preparation. mitt romney took a break from his rehearsal to grab a burrito bowl at chipotle. president obama visited hoover dam. when we arrive at the university of denver tonight they will face questions about the economy. there will be six segments 15 minutes each and the first three are devoted entirely to the economy. >> i want to repeal obama care and replace it with something that will get the costs under control. >> reporter: how romney will replace the president's
passed on to our kids. it's not just bad for the economy. it's not just bad for our job creation. it will in my opinion, it's immoral for to us pass on obligations like that to the next generation. >> romney'sry reserting the economic attack on the president as a new study shows median household income fell 1.1% in august to just over $50,000 a year. since june 2009, household income fell $5.7% and they are down 8% since obama took office. romney's blunt assessment is everyone will share in the sacrifice to fix the mess and get people back to work. >> don't expect a huge cut in taxes, i'm also going to lower deductions and exemptions. but by bringing rates down, we will be able to let small businesses keep more of their money so they can hire more people. >> romney's latest ad is just him, framing the choice. >> big government dependency, versus personal responsibility and liberty. >> we shouldn't measure compassion by how many people are on welfare. measure compassion by how many people are able to get off welfare and get a good paying job. >> reporter: that in effect is romney
are really pretty slack, and for government to withdraw support from the economy as the tories have done since 2010 has really been a recipe for a double dip recession and sure enough we have got one. >> you actually have got an interesting case study, america is a much bigger economy than the uk but our two countries were dealing with the financial crisis more or less in the same way. >> yes. >> a new government came in, not just austerity but masochism that is being -- >> by each other --. there is masochism in the uk with respect to the economic, a collector austerity around europe which is related, a separate point. >> the uk laboratory has been used to test the thesis that by contracting government spending you presto expand private enterprise. it hasn't worked and that way we ended up with a simple national -- >> why is that? >> because the private sector is not spending, sitting on 750 billion pounds of cash and not investing, consumers have their wits frightened out of them, export markets are slack, prto, if all of the indicators are point manager the wrong direction you have n
in obama's handling of the economy and romney. we have two jobs report left before the election. do you think -- well, what do you think the impact will be? >> i don't think there will be all that significant because if it was going to be significant in the jobs report obama would be toast. he has had 43 months in his term so far where the jobless rate is above 8%. now, and all of the time between 1948 and 2009 when obama took office in cumulative months and which the unemployment rate was above. some 39 months and 43 months in just three and a half years of his presidency. those are the staggering your numbers. yet people still say, well, he's trying really i've. lori: he wants to try to cut tax of year and a higher percentage. 75 percent individual income rate. >> it is absurd. there is no economic basis for that other than we don't think people ought to earn that much money, so we're going to take away. that is socialism at its very essence. and so you elected socialist president. voila. you're going to have socialist policy, and that is what you have. he comes out with a 75% tax rat
president obama. but mitt isn't having it, trying to get ohio voters to the right by focusing on the economy. >> with incomes going down, every year, every year going down, down, down. prices of electricity up and health insurance up and the cost of gasoline, having doubled, these are tough times. even for families with jobs. i know what it takes to get this economy going again. cheryl: so what would a tax plan under a romney/ryan administration look like? rich edson breaks it down for us. rich? >> reporter: well, cheryl, democrats call it a giveaway to the rich at the expense of the middle class. republicans say they're wrong, and this morning governor romney defended his tax plan. >> by the way, don't be expecting a huge cut in taxes because i'm also going to lower deductions and exemptions. by bringing rates down, we'll be able to let small businesses keep more of their money to hire more people. >> in the end the details are really up to congress. romney's proposed cutting every tax rate by 20%. to insure the treasury department takes in about the same amount of money under a new system,
, released about an hour ago. gdp, gross domestic products, our big picture economy grew only at an annual rate of 1.3% in the second quarter. i said before, that's stall speed. i mean it. that's very, very low rate of growth. 4% the end of last year, 2 1/2% early this year, now, 1.3, that's a nasty down trend. all right, the markets opened, we did expect an up trend, up tick in the opening bell. we've got it. 25 points higher, ultimately maybe 50 points higher within the next couple of minutes. i want to call this the iphone effect. nokia may cancel its dividend in the face of big time competition from the iphone. okay, nicole, where did nokia shares open? let's start with them. >> they're a winner today. up 2.5%, all right? up 2 1/2%. cutting the dividend is certainly not good news, but they've priced their knew lumia, more than the samsung galaxy so they're pushing a new phone now and that's where the euphoria is surrounding nokia. stuart: i've got to say i don't get that. priced the new phone higher than the galaxy and now it goes up. and blackberry, research in motion, that stock has
and the sovereign bond market and watch the politicians fail to do what's necessary to get these economies to grow. you have to stabilize the patient before you try and fission their long-term problems. the politicians don't do this. that means europe stays in a recession. for u.s. investors, i think it is still something of a side show. >> something of a side show. until they either come up with the austerity or -- something's got to give, right? >> because it doesn't disrupt the u.s. economy. the u.s. economy is still growing. our exports to europe are only a very small part of our gdp. the housing market recovery is much more important to the improvement of wealth. we're seeing some improvement of confidence. we're seeing rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about europe and soon to watch on our shores is you're going to pay more and get less. i look forward to the dislocation between price and value
on persuading voters they can boost the economy. but a key question at the heart of it all-- is the economy slowing, stalling, or perhaps even gaining strength in some ways? new data are sending conflicting signs. republican presidential nominee mitt romney campaigned today at a military academy in pennsylvania. romney promised better jobs for young people like the cadets sitting behind him and a better future for the entire country. >> we're in a very different road than what i think the people of the world expected from the united states of america. and if i'm elected president of this country, i will get us back on a road of growth and prosperity and strength. >> woodruff: today at a campaign event in washington, president obama shared a message of what he called "economic patriotism" tied to a strong middle class. >> but our problems can be solved, our challenges can be met. we've still got the workers in the world, the best universities, the best scientists, the best... we got the best stuff. ( laughter ) we just got to bring it together. >> woodruff: consumer confidence is higher of l
zero economy. the past ten years, zero jobs growth, zero wage growth, zero stock returns. which part of that equation is the most crippling? >> i think all of them. if you think about the middle class, where they need jobs, they need wage growth. we've seen average meaning household income actually go nowhere and importantly in their 401(k)s have become 201 ks, they need robust stock returns. if we're going to get wage growth and jobs growth clearly we have to do, as the guest said, we have to restore the manufacturing base. one good news i have in this triple zero economy, i think going forward the next decade for stock returns will be a lot better than the last decade. the reason is simple and somewhat troubling. first of all, if you think about the stock market here in america, it's physically located here but increasingly, its returns are located elsewhere. >> sorry to interrupt you. the very thing that's been a trend many would say hurtful for american workers is the thing that can help american investors because these are companies that don't necessarily need american workers.
the president has put forward have caused the economy to continue to go down. folks believe the economy is bad right now but what they don't actually believe is it is the president's fault. he has to make that case in the debate with the president standing on the stage with him that the president is the one to blame for the economy we've got right now. >> there is something going on. if he acts too much on the attack, it will look like he is showing disrespect to the president but if he doesn't, then he looks defer yen shl. coach me, tell me how to walk on that stage -- deferential. coach me without being deferential? >> it's a matter of tone and how you address the president. as long as governor romney addresses the president with mr. president, your policies have failed the american people. i think as long as he carries a respectful tone. he needs to be what i would say as passionately aggressive. he is respectful of the president yet he is passionate about making the case it's the president's policies that have failed americans and caused economy to be worse than what it was when he took of
and the economy growing 1.3%, 20 million unemployed i hear it is the economy stupid. the people are not responding to a horrible economy, a terrible pe situation and no plan to go forward. >> not attack ads notvery day i criticism they want to know not the specifics. >> we no hope and change was the fancy slogan. but that turned out not to be the case. they just beat up a president how much can you like a man who was not delivering?vering? at the end of the day he is a failed leader. ba i will cut taxes but i toepeo don't know how much. i will repeal but i have to wait.is presi oba but mathat is the mitt romney slogan.romney instead of saying here is my plan, i have been running six years. lou: if that is true the voters want specificity. why would they not what performance and the plan? >> but we don't have confidence in obama but less paular of governor romney. >> basically this president who ha has blamed his policy on hi failures now has a wonderful advantage to run against an an opponent he can blame is that correct? >> the thing that amazes meng ta i look at the polls. the country wants cha
are so down in this economy, our question is, how is it swing state voters feel up about things, and make sense of the president when folks who hire imare not. to -- hire them are not. noel, that is a big, big political disconnect. >> you know, i actually that is true, because i have to tell you, the cfo is the heart beat for corporate america. they are seeing you know the financial side of things, and they are negative, and depressed about it, that is something you should take notice. i just did a private round table for senator wicker out of mississippi. we had about 10 businessmen around for this fund-raiser, one of guys was a cfo of a very large company, and very well respected, senator wicker asked him, what do you think about the future? what is your feeling? he actually said, well, i'm loading up on gold bullion, i'm go to buy a farm in arkansas, i thought that should tell you a little bit about something. neil: they are not all that way, maybe, but, market last couple of days notwithstanding has narrowly, taken all this in stride. i am wondering whether you think to its own peril,
views on the global economy and perhaps you could start with europe and make your way around the world and perspective on what you see in terms of growth and perhaps more importantly you know, what are the challenges that we are going to have to deal with over the next period of time? >> there's not enough time for all the challenges but let me give you some perspective. let me get to -- let me give away the punchline. the punchline is i think in a world races, the world is not going to come to coming to an end. we are going to muddle through but there are a lot of challenges and a lot of risks that i think the largest outcome come the largest for signage likely outcome by far is that we get through it and a lot of action were to be taken to offer some relief but there are several things that could cause things to derail in which case it would be a lot tougher for a lot longer. but you asked about europe. i think the biggest problem that europe has is growth and the risk problem is the go off the rail, bus stop of the euro. a few months ago we would have said that the two big issues fo
such difficulty, you know, in the economy because of federal reserve policy. likelihood of hearing this, very very slim. and maybe seeing how would you balance a budget? in our campaign we had a precise plan of cutting a trillion dollars and balancing the budget in three years. you know, we're in this horrendous crisis and neither one of them are going to say anything, oh, maybe we ought to cut something. there's no proposal to cut anything. it's also tinkering around with massive automatic increases and the american people are starting to wake up and realize it is all fiction and they are not serious. connell: congressman paul, thanks as always. >> thanks. connell: fox business network, beginning at 8:00 p.m. eastern live from denver, neil cavuto will be on the next hour to talk about the debate. neil cavuto. dagen: the economy will be a big focus of tonight's debate. adp the payroll processing firm came out earlier this morning and reported that 162,000 private sector jobs were added last month. more than expected. to weigh in on that, and the debate, the head of u.s. interest rate strategy at u
's not forget we also had a dismal report on durable goods orders, once again showing weakness in this economy. investors not worried about these numbers today. >> we got decent news out of europe and china this morning. either way, we're asking if investors should think twice before buying into this kind of a rally based on what the u.s. economy is telling us right now. let's talk about it in today's "closing bell" exchange. we have larry blazer from mayflower advisers and our own rick santelli and mandy drury. larry glazer, you happen to believe that economically there's an iceberg dead ahead. this market doesn't act like it today. >> no, it doesn't. you can see today investors are so focused on the global stimlouse story that they're missing the big picture. the big picture is the fact that the economic data, particularly global manufacturing data, is absolutely rolling over. look at chinese manufacturing, down 11 months in a row. you hit the nail on the head. gdp, durable goods, all a sign of weakness. the problem is the catalysts are behind us and the icebergs are ahead. you've got the fi
: and sit down for an exclusive interview in which we discuss the economy, the new focus on national security. and, growing criticism of the romney campaign. paul ryan, only on fox news sunday. then... we'll preview wednesday's first obama-romney debate. we'll ask our sunday panel which each candidate needs to do to win the first first off. and our power player of the week, has spent almost half of his life, telling the inside story of how a president rose and fell from power. all, right now, on fox news. ♪ >> chris: and hello again, from fox news in washington. with just five weeks until election day, a new poll showing president obama leading in key swing states, the presidential debates may be mitt romney's last, best chance to turn the race around and we wanted to find out what the romney-ryan plan is when they face off against obama and biden. we caught up with running mate paul ryan, saturday in derry, new hampshire. before we sat down for an exclusive interview, we spoke briefly as he was about to take the stage for a campaign town hall. >> chris: what do you think? just bef
-oriented economy. japan began sending aid and loaned over the years. the japanese prime minister had inflamed tensions after he took office in 2001 with annual business to the shrine in tokyo that honored the war dead and war criminals. china's economy grew year after year. members of the olympic committee underscored the emergence when they named beijing host of the summer games. two years later, china passed japan to be the world's second largest economy. a chinese fishing collided with japanese patrol vessels in thes en kaku islands. the collision parked widespread protests and angered many japanese. a recent survey suggests animosities are running high. the poll put anti-chinese sentiment at 84%, a record high. 65% of chinese respondents expressed negative views of japan. >> those figures suggest they will be challenged to mend relations, but an expert said it may not be as difficult size it appears. >> japan and chiba have been close are than before. we have thousands of years of relationships, but now is the best in a sense that economic exchange and people to people exchange and the le
. brazil recently overtook the united kingdom to become the sixth largest economy. perhaps it is no wonder that the british prime minister has come to town to drum up trade. he is leading a delegation and in the past few hours, he met with the president in the capital. but brazil faces many challenges. there are signs that its economic growth is slowing and inflation is on the rise. when it comes to education, brazil ranks 53rd in the world. it is an issue the country needs to address so it can seize its momentum not be left on the sideline. and downtown, there are throwing up the buildings at a dizzying pace. but it takes more than muscle to lift the country. all of this prosperity was built on natural resources but of the country wants to do more than supply commodities to china, it needs human helped to. >> you will not find many skilled workers on the streets. it is here in the poor neighborhoods, not far from the business district, that you find that challenge. if this country ever wants to develop from an emerging economy, it is going to have to do a better job educating its populati
influential figures in the nation on the economy join us here on cnbc. >> we've got representative and hopeful ron paul with us. texas, from texas. he is of course outspoken about the federal reserve policies. robert reich is here with us tonight. also with us grover norquist. the man behind the no new taxes pledge so many republicans made. and bob lutz a former top auto executive. the auto bailout expected to be a big topic tonight. and we've got president of the aflcio. unions of course a major constituency. and roger altman. as you can see the lineup card is full. going to be great. >> absolutely. meantime our chief washington correspondent john harwood has made the trip to denver. what are you watching first tonight? >> what i'm watching for is how mitt romney takes advantage of this huge opportunity that he's got with tens of millions of americans watching these two side by side. he's behind in the polls, but not by an overwhelming margin. three points in our nbc/wall street journal poll. i talked to devine who was the campaign strategist for al gore. when gore lost the election, in the d
. >> we were expecting to have a deficit that was going to be about 7% of the economy and it turned out to be 9%. we did not have the time to react. so weak in our political manifesto, the main aim was that we were going to give spain what it needed. there were not actual promises but as a general promised to try to manage the situation. the figures were worse but we were struggling. >> what would the opposition socialist to differently? spain has one of the biggest property bubbles followed by the collapse. >> we want comprehensive reform of the fiscal system. it has to be more progressive. we know in spain that corporations only pay 11% from their benefits. at the same time, there is a large number of citizens who do not pay taxes to income tax. they are liberal professions like people who put all their revenues inside society. we believe there has to be changes and we have to have a more comprehensive system that is able to control everybody. >> won the budget was announced, it was predictable. this economy has already seen 65 billion euros out of it this year. today was confirmed a
on the planet." (laughter) in an ordinary election involving a stagnant economy, global unrest, and the typical incumbent president would be at an enormous disadvantage. unless-- >> does the government have a responsibility to provide health care to the 50 million americans who don't have it today? >> well, we do provide care for people who don't have insurance. we pick them up in an ambulance and take them to the hospital and give them care and different states have different ways of providing for that care. (laughter) >> jon: unless-- normally he would be in trouble unless that incumbent president is running against the guy who just appeared to suggest that we don't need to do a health care plan for uninsured americans because we have emergency rooms! (laughter) and, like, they're open all night. (laughter) they're, like, 7-elevens but-- (cheers and applause) now that-- what he just said is an amazing and unappealing to -lsy statement which on its own would perhaps level the field for the incumbent president but apparently leveling the field isn't good enough for massachusetts mitt "up until
the real economy is very important to us. in missouri we have a strong industrial rail process where you have a lot of goods across our state. we have work to improve the system, get rid of bottlenecks. for example, the osage river where we are now in the process of building a bridge that we can get another land we don't have slowdowns. the first step is to make sure we don't get slowdowns so when we look to more possibilities for passenger rail travel, that we have a system to deliver on time. so we're looking at that. we've also worked with illinois because anybody that looks at the bigger picture of our country will see getting the first step from chicago to st. louis is never going to attract the resources for high-speed rail across their state. that's why we worked with the state of the one i and others to get the initial project completed, while at the same time working to improve our network here for on-time efforts. you know, all of that is part of a long-term transportation focus that will continue to provide us a competitive economy. >> dave spence. >> i think it sounds great i
. it is crippling the iranian economy but it hasn't stopped them from getting nuclear weapons. we both agree that is the ultimate goal. the united states has wanted to bring them to the negotiating table. that has not happened, either. the israelis are almost feeling as though both the mentality and the course of actions that the u.s. has taken and the west in general have been naive. >>shepard: factoring in is the fact that so many analysts with great experience and knowledge of the situation here are of the belief that you cannot stop this by bombing. it will take something else. >>reporter: right. that's tech did you want to look at that exact point look at the people of iran and what they are saying. right before mahmoud ahmadinejad got on a plane to come to the u.n. meeting, the people of iran, and i have been on so many blogs and twitter and facebook, where are we going? we have so many problems at home to address. you do not need to go to the u.n. and talk about world problems and reforming of the global community as has been repeated on interviews and the at podium at the u.n. there
if the economy is growing 3% or above, the presidents would have major headwinds. he will be facing trouble for it. lou: recent polls show incredibly that the romney campaign has been unable to capitalize on the president's economic policy failure. >> we will take all of that back up again. also, israel's prime minister benjamin netanyahu, calling on the united states and united nations to draw a clear red line on iran's nuclear program and former ambassador john bolton. also, shelby steele on how group and identity politics is shaping this presidential election. turning back to the president's so-called new economic patriotism, the polls and what we can expect over the final 40 days now until election day. clinton adviser, fox news political analyst, doug schoen. also, ed rollins, former reagan political director, it's good to have you with us weather thank you very much for having me. lou: let me start with this new theme. we can all agree that the president has a thing called forward i want to understand, if you will, the motto or mitt romney. this is a man ready to sell himself. you don
, the unemployment rate at a .2%, the fact that our economy is just growing at 1.9% -- the real war on women is that they can't get jobs and that their spouses and family members can't get jobs and they are suffering from high gas prices, higher health insurance premiums, and they cannot find ways to advance economically. >> host: "how obama's gender policies undermine america" is a book by diana furchtgott-roth. she writes about the two worlds. in the world, women are more likely than men to succeed. women, on average, do better in school and work and life. they try him in everyday america. the other is a distortion constructed by radical premises and 10 feminists and washington policies. these politics are a career by telling people they are defeated. >> guest: yes, that's correct. by saying that women have to earn the same as men, it is imputed digital lifestyle choice. the feminists say that that is not sufficient. that by doing that, women are earning less than men in making a poorer lifestyle choice. just think, the last supreme court justices who were nominated, the last three women s
are unemployed in january two 2009. the fact women who want jobs can't get them. the fact the economy is just growing at 1.9%. the real war on women is that they can't get jobs. and that their spouses and family members can't get jobs. and they're suffering with high gas prices, high food prices, high health insurance premiums when athey cannot find the ways to advance economically. >> how obama's jernt policy undermine america is the name by dynedown. and she she writes american and the world women are more likely than men to succeed. women on average do better in school work, life, women try yum faint every day america. other is dis-- these pollations make a career out of telling women they are defeated. >> yes. that's because by saying that women have to earn the same as men it immunes the lifestyle choice which allows many women to choose the flexible job with lower earnings or the part time job and the feminist say that is not sufficient. that by doing that women are earnings less than make making a poor lifestyle choice. last three supreme court justices who were nominated. last throw w
the president is leading look at this number, economic optimism. 57% now believe the economy is recovering. that number is up six points in just the past few weekz. ultimately this race will be won in nine battleground states. florida, virginia, and ohio romney is tight in the races with the states of fluidity, florida and virginia. in florida obama and romney are neck and neck. virginia romney has narrowed the lead from 5 to 2. another statistical tie. in ohio the president has improved his standing. he leads romney there by eight points. and for those wondering about the party idea the sample is less democratic in ohio this time than the last poll. digging deeper into our numbers we divided thet battleground states by three measures. president's job rating. romney's favorability rating that number is still under water he has problems and the question of which candidate is better equipped to manage the economy. remember the unemployment rate is 5.9% in virginia. romney's favorable in florida but under in virginia and ohio. when it comes to who is better able to manage the economy a questi
at the format now, it's all on the economy. if i were jim lerher i'd have more flexibility. it's dominating the headlines finally. if i'm romney, i'd bring it up in an answer. why? the economic security is tied to the national security. he has an opportunity, i think, to slip it in. question is, will he? >> greg: yes. will he slip it in? i'm not sure -- >> andrea: greg, i have to tell you something, greg. you know, i have been away from you guys for less than 24 hours but i had a dream about you guys last night. >> greg: really? i need to know now. >> andrea: yes. eric bolling was giving danad nutritional advice and you and i went furniture shopping. weird. google fresh i can. i don't know how to hand -- >> greg: freaky. i don't know how to handal that. >> dana: it could be the rarefied air. i'm curious if you walked down the hall to gymnasium, when i was on the university of denver gymnastic team. i think they showcased themselves well so far. >> greg: way to drop in your background as a gymnast. stop it! >> dana: anything. >> andrea: i haven't seen your shots yet. it haven't seen the pict
it be? >> obviously hit obama hard on the economy. obama did give a little bit of an opening saying he has learned that you can't change washington from the inside. and for a candidate that ran on hope and change that's something that mitt romney could seize on. and this is not mitt romney's style, to the extent he is a technical debater, but if you look back to 2008 when obama stumbled against hilary clinton in those series of debates, it was when it got a little more the cuff. he said you are likable enough hilary, that came across as very cool and dismissive, and perhaps that's a chance for mitt romney to make it a personal thing. perhaps a chance to lull obama into an unforced error like that. >> eliot: the debates rarely change the game only when -- as you said josh -- there is an unforced error. let's switch to the senate race. people thought the republicans would end up with 51 52 seats. how many senate seatings will the republicans hold when all is said and done. >> i don't think they will pick up a majority. and the simultaneous deterioration -- like tommy
for life, and until last july he was italy's minister of economy and finance. but he is not exactly a politician. as a respect economist considered be abo party politics he was chosen to form a new technocratic government. it put him at the center of the european debt crisis confronting rising interest rates that led to greece, ireland, and portugal to seek bailouts. his ability to turn calamity into opportunity has revived his nickname "super mario." i have pleased to have him here at this table for the first time. welcome. >> delighted to be here. >> rose: i see that you have said that you're not going to run for pri minister? >> no, i can confirm that i will not be a candidate. i believe i couldn't even be a candidate because, as you mentioned, i am senator for life. so candidates are candidates inn order to become members of parliament. >> rose: and you're senator for life. >> yes. >> rose: do you want to stay as prime minister? >> of course i will not. i will-- the whole government will have to resign when the elections take place, probably next-- after that, it will be for th
oversight council headed by the us treasury said it is preparing to act to protect the economy. >> if investors get any sense that there might be a failure, they'll all race for the exit. and that's the equivalent of a run on the bank and there is no one there-- no one like a parent with capital or the fdic to supply capital if there's that kind of race for the et. >> reporter: three options are on the table. instead of a fixed value of $1, money market funds could be required to use a floating value. regulators are also considering whether money market fund companies should hold some of their assets as a buffer against a surge in withdrawals or whether to require investors to wait before they can get back a portion of their money. the s.e.c. could try again to pass new rules, but if it doesn't, the stability council could decide some big money market funds need closer regulation. that idea worries fund companies. >> it would result in significantly more costs and regulation and who would want to invest in a fund that the federal government has designated as systemically import
calling for higher taxes on the rich and new spending plans and it comes as we find out the economy's slowing, and someone here says the economic patriotism will only cause this number to keep growing. and take the economy down for good. are they right? hi, everyone, i'm brenda buttner, this is bulls and bears, here are the bulls and bears, gary b smith, tobin smith. jonas max ferris. and welcome everybody. gary b, is economic patriotism exactly what the economy needs? >> well, not this version of economic patriotism. you know, i think this plan is going to do a lot more harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the o
if you stop an economy growing, it will be of more out of work claiming benefits, not paying taxes. businesses struggles that they are not paying taxes. and as a result, borrowing goes out. our income not to invest in schools and transport and education, but are we to keep people idle so the next time you hear a conservative say to you, labor would increase borrowing. just remember it is this government that is increasing borrowing this year. [applause] so what have we seen? we have seen recessions, higher unemployment, higher borrowing. i don't think that is what people were promised. there will be some people who say, and this is an important argument. it will be some people who say they were short-term pain, but it is worth it for the long term gain. and i'm afraid the opposite is true. the longer you have low growth in the country, the baker to debt comes to the future and the bigger problems will be in the future. the longer a young person is out of work, that's not just bad for the prospects now. it is bad for their prospects for the whole of the rest of their lives. and it's
the rest of the economy has started to feel the effect from the sluggish manufacturing sector. if you look at the breakdown of the services pmi, the construction services sub index -- meanwhile, new orders were dragged lower by demand weakness for transportation. over in australia, a survey showed an even grimmer picture as its services index dipped to 41.9 in september. india reports its all important services pmi tomorrow, while hsbc is out next monday. that's all from me. >> thank you very much. >>> coming up on today's show, we head to paris to find out more, the attempts to offload his unit. then to hong kong where we examine the political transition in china plagued by scandals and disappearances. we get an expert view on the new leadership change. >>> and next, washington and its debate tonight as romney and obama finally square off. we'll have a preview of what to expect and what's at stake with our very own democrat-republican panel. >>> and real estate is on the rise. we head to new york with founder barbara corcoran. mariano rajoy has denied reports that spain will request a bai
are concerned that a tax increase of that size could shock the economy and trigger a recession by reducing the cash that taxpayers have to spend. but scott, congress and the president now have a firm price tag on what it costs if they don't reach a budget deal after the election. >> pelley: wyatt, thank you, the u.s. economy is also being hurt by what's happening far beyond washington, all the way across the atlantic. senior business correspondent anthony mason has more on that. >> reporter: in spain this weekend, police clashed with protesters angry over austerity measures the government's been forced to implement. a quarter of the work force in spain can't find jobs and the unemployment rate in the 17-nation euro zone has now hit a record high-- 11.4%. for three straight quarters, the european economy has been shrinking and federal reserve chairman ben bernanke said today america is feeling the impact. >> it has been a problem for the u.s. economy. we have seen head winds coming from slowing trade. >> reporter: if you combine imports and exports, the european union is our biggest trading
losing steam. let's take a look at some good news economy released. institute for non manufacturing index rose 5 to 55.1 in september. that is up from last month. any reading above 50 signals activity is expanding. on the jobs front private sector payrolls increased by 162,000 last month according to the payroll processing firm adp. that is higher than expected. positive news boosting stocks, the dow losing steam. volume below average even by recent standards. hewlett-packard the biggest drag on the dow hitting its lowest level in ten years after the company issued a very bleak forecast for the 2013 period due to a decrease in technology spending worldwide. oil falling well below 9500 in terms of slowing demand. the impact of china and drop in oil prices making the energy sector the worst performing sector today. oil settling down by $3.75. i am here filling in for liz claman because liz claman is in cleveland, of ohio. her old stomping ground as part of the open for business series and liz will talk to business leaders to find out how the city turned itself around. we want to know. give
: tonight the economy takes center stage as mitt romney and barack obama face the states. they are here for our debate warm-up. is from the getting more specific about the tax plan? we think so. we have the details. welcome to "the willis report." hello, everybody. i'm gerri willis. tonight is the night. obama versus romney. this same stage. the expectations are sky-high. it seems like all obama had to do is show up. with more on this neil cavuto from denver. can romney meet these expectations? >> they are high expectations. the pressure is on him because of these polls. i often think that a lot is put on the challenger. sometimes he can benefit by showing up and sharing the stage with the president of the united states. already on equal footing with him in that respect. he does have the advantage of a dicey economy going forward. the president's supporters say it is not as it had been, and there is some economic news today that portends may be the worst is behind it. but i agree with that. if you want to be in game changer this is the night. and no one doubts the earlier point. he has
vote is virtually even nationally. this will be all about the economy. this will be about debt. this will be about health care. this will be about all issues domestic. libya will not come up. syria and some of the increased fighting there, foreign affairs, will not come up. no doubt, mitt romney will try to work that into the theme of whether we continue to pour good money after bad in the region, that's debatable. it could be created, but likely not happening tonight. the focus on that debt, on the economy, which mitt romney is saying is going to hell in a hand basket, and obama forces say, it's a nicer hand basket than it was. we have no idea how they sell the argument. we know their people are out in droves in the room behind me where they pitch their respective argument and sort of pitch their standard lines. what i think is interesting about the room is this is the place before the debate each side is telling what a lousy debater their guy is. in this room, it's not spinning. by the enof the night, i might be. they -- they each say how poorly they expect their candidate to
slow growth, durable goods, going down a cliff, and suggesting an economy that is stumbling. let's bring in mary kissel. >> thank you for having me. speak to a new economic patriotism. what does that mean? should we buy american or not criticize the economy because it's un-american? >> it means that you should buy the argument that he is not the one responsible for the economy that we have now. he wants you to think any focus on the future and not the present. it is really quite an amazing advertisement. ashley: when you look at the numbers, they are not particularly good. you would think that they should play right into the hands of mitt romney, but he doesn't seem to be taking advantage of it. it suggests, the pulls through, that mr. obama is extending his lead remark there is certainly a lot to you can take issue with. he going to devalue the dollar little further? give tax breaks to companies he is taking credit, he wants to spend more taxpayer money on infrastructure, math and science, ashley, where people who buy it. ashley: what's interesting is that he has managed to fra
of the three states, north carolina and nevada, both think that mitt romney is stronger on the economy. so that's one set of polls. now, we've got this other set of polls we want to show you very quickly, and this is from rasmussen, and he does -- scott rasmussen's group, rasmussenreports.com, they do a daily tracking poll. for a long time now, they've been showing this race as even. right now, they're saying -- and this gets updated daily, about 9:30 in the morning -- and they president obama and mitt romney both at 46% nationwide. and when leaners are included, it's tied at 48% apiece. and the swing state daily tracking poll, they also have this, and they have that tied as well, obama 46%, romney 46%. again, this is from rasmussenreports.com. scott is a republican in colorado springs. hi, scott. caller: how you doing? host: good. what do you think about the campaign media coverage so far? caller: it's a joke. i flip through the channels, and they are totally biased. the thing that really gets me is you have romney going on, the different outlets, but yet obama, he's going on "the view" and da
on the economy. the economy gets the first half of the debate, with questions 1, two, and 3. then they move on to the topic of health care, which has major economic impact, the role of government in our society, and the final segment will be on the governing cells of the candidates. jim lehrer can assign the final questions. there was a coin toss to decide who would take the first question. president obama has won that and will take the first question. we would like to involve you in the process and talk about this important debate, what you will be looking for from candidates, whether or not you have already made your decision. most particularly, if you had a chance to ask a question on this domestic policy debate, what would you most want to know from these two men? let's introduce you to our first guest. from inside the debate are -- the senior political reporter for yahoo news, who has been on the campaign trail with governor romney. >let me start with a pc filed recently, is senseless and that this is all personal between these two men -- saying this is all personal between these two m
has been participating, provided a substitute economy and afghanistan to start up allow me to develop so far. is that the incentive? is there some economic incentive that brings them into this process? is it that that's going to solve the problem is it's not constitutional matters in human rights and everything clicks >> we need to start reducing the amount of money these then on afghanistan. >> howell to be sustainable within itself? >> the economic process is one where we have to keep helping the afghans fun the development for 10 years beyond what they get on with developing the mineral resources. at the same time, trying to execute a political process to reduce the pressure in the security forces and wouldn't have to be so proficient if there is a political process. you have to work on all these things at once. i've always said we must make our strategy dependent on the political deal with the taliban because that gives them a veto. you have to be a policy that says, here's the strategy that is not dependent on the taliban. the taliban to stop inciting and get an engaged the proce
geo politics has upped the price, but now the slowing economy is questioning how long traders can hold on to those premiums. you can't outrun economic fundamentals no matter how much you print. >> what do you think about that, bill? even though corporate america looks strong, looks like the earnings estimates need to come down. >> i think the summer of dal droms are about over. going forward, the thing that might be the big spark that changes the psychology and the ball game is the election. i don't believe all the polls. we'll see what happens. if we're right that there's a seat change and some fellas join the unemployment line deservedly, then you might see money be put to work. this fiscal cliff and all the other nasties we hear about are not going to be permanent dampeners on the economy. i think you have to look forward and anticipate what's next. >> is it the same scenario -- >> that one i disagree on. >> okay. bill, are you looking at different scenarios if the president wins re-election versus a romney win? how are you playing that? >> well, number one, i don't think anybody's
. on the issue that's supposed to be republican mitt romney's strength, the economy, he's trailing the president with a "new york times" news poll showing on the question of who can better handle it, ohio voters give the president an edge of 51% to 45%. >> i woke up every day doing everything i can to give american workers a fair shot in the global economy. >> there's danger signs. they declared ceos see slower economic growth the rest of the year with lower expectations for sales, capital expenditures, and hiring. the chairman of the round table, boeing chairman, said in a statement, quote, "the down shift in quarterly sentiment reflects continuing concern about the strength of the recovery including uncertainty over the approaching fiscal cliff." the sour report is more significant because he chairs the president's export council. >> i know that all of us, business or government, share the goal of strengthening our economy and creating more jobs. >> another vulnerability for the president could be the deficit promising to cut it in half by the end of the first term, but it's topped $1 trillion
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